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questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
on the economy. overall, auto sales were up 13% last month from a yearefore. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's- largest economy, but they're reportrecordnemployment. in spain, unemployment among young people is 50%. mark phillips went to barcelona to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out back to where they dump the trash and you get a different impression. in spain these days, one person's gar
views on the global economy and perhaps you could start with europe and make your way around the world and perspective on what you see in terms of growth and perhaps more importantly you know, what are the challenges that we are going to have to deal with over the next period of time? >> there's not enough time for all the challenges but let me give you some perspective. let me get to -- let me give away the punchline. the punchline is i think in a world races, the world is not going to come to coming to an end. we are going to muddle through but there are a lot of challenges and a lot of risks that i think the largest outcome come the largest for signage likely outcome by far is that we get through it and a lot of action were to be taken to offer some relief but there are several things that could cause things to derail in which case it would be a lot tougher for a lot longer. but you asked about europe. i think the biggest problem that europe has is growth and the risk problem is the go off the rail, bus stop of the euro. a few months ago we would have said that the two big issues fo
has been participating, provided a substitute economy and afghanistan to start up allow me to develop so far. is that the incentive? is there some economic incentive that brings them into this process? is it that that's going to solve the problem is it's not constitutional matters in human rights and everything clicks >> we need to start reducing the amount of money these then on afghanistan. >> howell to be sustainable within itself? >> the economic process is one where we have to keep helping the afghans fun the development for 10 years beyond what they get on with developing the mineral resources. at the same time, trying to execute a political process to reduce the pressure in the security forces and wouldn't have to be so proficient if there is a political process. you have to work on all these things at once. i've always said we must make our strategy dependent on the political deal with the taliban because that gives them a veto. you have to be a policy that says, here's the strategy that is not dependent on the taliban. the taliban to stop inciting and get an engaged the proce
output at a plant as the economy slows and demand weakens. meantime 40% of china's iron ore mines are standing idle as steel prices have crumbled. and loans to firms and households fell more than expected. ecb staying loans to the private sector fell 0.6% from the same month a year ago. italy's borrowing costs falling at a bond auction today. analysts say the auction shows nand for italian government paper remains healthy. and eu regulators are prepare to go charge microsoft for failing to comply with a 2009 ruling. that ruling had on ordered the company to offer user as choice of web browsers. apparently they may not have done that. if guilty, microsoft could face fines of up to 10% of its global revenues. and that would be a lot of money. >> iran still, we're this close to nuclear -- think our unfunded labels are like 60 trillion or something. europe back in the crapper, but the refs. huh? >> i told you, i don't always like unions. i'm actually happy that the refs union won. >> it does provide a release from some of the travails and the worries of every day life. spoorts is spor
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
for lou dobbs. an election that was supposed to be all about the struggling economy, right? now leading to questions over the president's handling of foreign policy and the administrations truthfulness to the american people. to reporreport the united states diplomats in libya asked the obama administration repeatedly for additional security right up until the september 11, 2012 attacks. house oversight committee chairman darrell ice looking to secretary of state hillary clinton for answers. telling congressmen issa the extra resources are being denied despite firebombings and online death threats. vice presidential nominee paul ryan seizing onnthe commission to launch attacks at the democratic ticket. >> feature if you turn on the ty you can see that the obama foreign-policy is unraveling before our eyes. it's not just an isolated incident where we lost four americans in libya. that's tragic. but it is part of a bigger story of the unraveling of this agenda all over the world. we have distanced our ally, israel, we are not advancing our interests in the middle east, and the president i
are as a country, where we need to go. how to rebuild the economy and make the middle class secure. >> harris: fox report, how the nominees are preparing right now. and they make the decisions that affect americans now and for generations to come. the nine supreme court justices headed back to the bench less than 24 hours from now, to settle some of the most divisive issues in our country. in minutes, what's at shake. also, riding along on the final leg of a cross country journey to honor our fallen heroes and the families they left behind. celebrate, mission complete. ♪ we begin tonight with what could very well be a defining moment of the 2012 presidential election. the first the debate between the men who want a lead america three days away. governor romney hunkered down in washington on final debate preparation and president obama on the campaign trail in the swing state of nevada. for now, the strong sense of optimism from team romney. vice-presidential nominee, congressman paul ryan in an interesting brushed aside polls showing president obama leading in several key state telling anchor ch
: the message of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >>
, and yes, we have taken it to account the kind of shocks the could apply to economies if and when, which i hope is never, the price of oil and the price of energy was to skyrocket more than it is at the moment. but you could take pretty much any area of the world where there are latin complex, not that want to minimize iran clearly, but all such conflicts could themselves entail economic consequences that we have to be mindful of when we model. i don't want to sort of list those parts of the world where conflicts could arise and would have consequences, but this is, you know, as beckett used to say, this is life and his no cure for that. [laughter] >> next question. >> hello, thank you for your talk this morning. i'm with china centric television in washington, d.c. and my question is regarding china but in relation to the global financial crisis, what policy decisions and actions which are like to see from china in the coming months? >> i think policy decisions have been announced already very much so. i'll distinguish between short-term and medium-term. short term there's an announcement
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
. we have one set of the economy functioning at a level where the competition is on the wrong level. it needs to be on the level of performance and outcomes. patience if i hear all the time are increasingly frustrated, even distrustful of the health care system. they have limited options and they turn to there're insurance companies and they feel like they are appealing a cell phone bill. they cannot get through. doctors are also frustrated with health care system. we have a system where 46% of doctors say they are burned out, according to a mayo clinic study of the two months ago. when doctors say they are burned out, the performance will not be as good. host: dr. makary, when it comes to accountability, i want to go back to canada to talk about his insurance bills that he received, -- back to kenneth who talked about the insurance bills that he received, etc., should there be a priceless? -- price list? guest: you should be able to find out the average cost of something even before you have paid for it. the medical center at my home town hospital said you could have a heart operat
for us to have good ties to russia to get up our economy again. we also tend to go for the way which saakashvili did. we want to go further towards european union and nato. >> thank you very much for that. staying in moscow, a russian court has postponed the punk band pussy riot's appeal after one of them fired her lawyer. they have been given nine days to find a new lawyer. the anti-kremlin trio have been sentenced to two years in jail on a number of charges including disturbing the peace. they staged a protest against vladimir putin earlier this year. >> the women from pussy riot came to the appeal hearing without any great expectations that they would be released, but what came next was surely a shock. one of the trio had decided to break with the defense team. >> i do not exactly know what has happened. we met of three women on friday. one of them confirmed we would continue to work together. something must have happened over the weekend. >> the lawyers believe someone may have pressured her to create discord between the women and their legal representatives. the others are stick
system? >> i think that is an important question, especially for our economy. i want to point out one thing. she posed for sequestration and now says it will not happen. can you imagine that kind of leadership? she goes for the fiscal cliff and now she says it will not happen. let's talk about education. this is the problem i see. we have a department of education in washington. they have 3500 employees that make over $100,000 a year. they are dictating to the school district how to do their jobs. i think that is a shame and it is wrong. i am not talking about closing down the department of education. i have never said that and never will. can we reduce the size of that department of education and get that money down to the school district? i believe the best education for children in nevada comes between parents, teachers, and principles. -- principals. those are who should be making the decisions. >> if i could quickly comment. my opponent mentioned my vote on sequestration. just a few questions ago, he said he voted to end medicare by turning it over to private insurance companies
the economy's getting better. i trustresident obama now to lehe ecy. i m who's up against huge unemployment numbers. you can rattle through all the economic data that should not be good for president obama. and yet in three or four states that matter, the tide is switching on those questions. >> don't you think florida is shocking? of those three, i tught florida nine points is the most ki >>nnepoll, florida four points in "the washington post" poll. i've said it for months, any repuican candidate that's losing the state of flori has serious problems. >> willie's right, the economic numbers are huge. the othething that relates is e geer g. inseesuiipia polls. the gender gap is gigantic. why did the romney campaign have as their surrogates bay buchanan and liz cheney and kelly ayotte? because they have a huge gender problem, and they're not addressingt with these daily attacks on the president's so-called es >> ry o"leno" last night. i didn't see the whole thing, but the clips i saw, i don't know. i know that's tough to say, but the relatability issue is constant. >> you know, and there's a
of the economy in all three states. 51% of polled voters say the president would do the better job. >> okay, let's go back to the last slide, guys. and mark halperin, let's talk to you. i know you agree with me that the media is liberal. guess what? republicans have somehow managed to win despite that media liberal bias. you've said it repeatedly on this show. so despite that fact, mitt romney is not getting crushed in all three of these states because of the liberal media bias. what's happening there, and why is he losing so badly, especially in ohio? >> well, it's very unlikely the president will win those states by those margins, but these numbers are not out of line dramatically with private polling and some other public polling. i think the biggest problem right now remains him. he's not driving a consistent message. the president does -- says something, the republicans get all excited about it. they treat it like a gaffe. they'll talk about it for a day. and then they'll move on to something else. the biggest danger to me right now for the republican party are two things. one is that you l
economy has not seen disruptions like some years ago. why? 1989, now each year china has many law school students. that is faster than united states, for better or for worse. [laughter] their commercializing the media. none of them existed in 1989 in china. this provided a stabilizing force for a peaceful transition. the party needs to transform itself before it is too late. there is a serious discussion among social groups talking about legitimacy of the chinese communist party. how could it be possible? because his ambition will never stop. that is an important lesson. this is a critical moment china is experiencing at this conjunction of history. so, in a way, to answer your question, the leadership, in many ways they also sense the of the vulnerability. but it is not clear whether they will really transform the party because it is a very complicated process. there are ethnic issues. again, all of these issues will resurge, plus, the economy, slowed down. that as a result of the political problems and a further revealed the fundamental problems in the system, monopoly, corruption, etc
expressed skepticism about the latest stimulus and its ability to boost the economy. the dow closed down 101 points. >>> good day for shares of research in motion. the blackberry maker said it gained two million subscribers. the investors liked the presentation of the upcoming blackberry 10 operating system. >>> shares of tesla motors nosediving. the electric carmaker slashed its sales target for 2012 and warned it is falling behind of production goals for the model s sedan. it has a follow on stock offering of 4.3 million shares. you can see that stock getting hammered. >>> our top story tonight as widespread protests erupt around the world, the united nations general assembly meeting in new york city in its second day. a hot button issue taking center stage. terrorism and how president obama is handling those threats. earlier he addressed the u.n. about the iranian government pursuit of nuclear arms. take a listen to what the president had to say. >> iranian government continues to prop up a dictator in damascus and support terrorist groups abroad. time and again it failed to take the oppo
of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the same time, during the clinton years, we had marginal rates that were a little bit higher than they are now and we had some of the best economic times that
under some of the strongest sanctions today. oil exports have been correct. the iranian economy has been hit hard. it does have an effect on the economy. we must face the truth. sanctions have not stopped iran's nuclear program. according to the international atomic energy agency, during the last year alone, iran has doubled the number of energy uses in its underground nuclear facility. at this late hour, there is only one way to peacefully prevent iran from getting atomic bombs, and that is by placing a clear nucleare on iran's weapons program. [applause] red lines do not lead to war. they prevent war. look at nato's charter. it made clear that an attack on one member country would be considered an attack on all. new's redlined helps keep the peace in europe for nearly half a century -- red lines have helped keep the peace in europe for nearly half a century. and help preserve the peace for decades. it is the failure to place red lines that has often invited aggression. if it were drawn in the 1930 baltimore, world war ii might the been avoided -- 1930's, world war ii might have been av
of terrorism. while some romney advisers argue they should keep their focus on the economy, politico says plans are in the works for mitt romney to deliver a major foreign policy speech shortly after wednesday's debate. what do you think of that? you think he should do that? >> yes. i think, as i said, right after the killing, that wasn't the time to talk about this. >> right. >> now is the time, several weeks later, to talk about it. john heilemann, the lead in "the new york times," mistake in faith and security seen at libya mission before benghazi raid. response to the june bomb raised confidence in local guards. this benghazi story is an absolute mess. i think -- i've heard stuart stevens as saying let's focus on the economy. i think stuart stevens is exactly right. americans don't care as much in the polls about foreign policy. but several weeks later after this, i think it's very legitimate now that the press is going in and a couple of weeks have passed since the ambassador's death, now, yes. i mean, he's got a responsibility to talk about how badly the white house bungled this. >> i thi
with government -- >> we had a downturn in the economy. we of hard times, people looking for work and not able to find jobs. >> 65% of federal spending going to individual payments. it may not sound good, but we have created a welfare state. >> to blame it all on president obama is even worse. to declare the president of the united states is manipulating so people will stay and vote democrat? i think that is the most ridiculous thing i have ever heard. if such a cynical view of the presidency and of government. that cannot possibly reflect -- >> your response? >> i think a far better approach than a dependency is removing the barrier the federal government puts in place to small businesses and allowing entrepreneurs and small businesses to drive. >> what barriers? >> i am very happy to discuss the various. >> i wish she would. >> let him finish and make his point, then you can respond. >> what texans are looking for, and what is inherent in the east coast of texas, is that we are not looking for handouts. we're looking for the chance to the entrepreneur is, to work to achieve. think there have
at a military acted any many pennsylvania romney hammered away at the president over the economy. >> i have to tell you that i don't know how a single person who goes to this institution could consider voting for the incumbent for president. i say that for this reason. if they want to go in the military, why, he is planning on cutting our military by about $1 trillion over the next decade. if they want to go on to either get a job directly or go on to a four-year college and come out with a gee, you know that 50% of kids coming out of college today can't find a job or a college level job. on both fronts, this president's policies have not worked for the young people of america. >> their first debate happens on wednesday. the romney team is downplaying expectations. romney advisor beth myers distributes this memo explaining why the president is probably going to do better. she says that president obama is one of the most talented political communicateors in modern history. this will be his eighth one-on-one presidential debate and romney's first. the president will use his ample rhetorical g
't push the economy but can push foreign affairs. different story from our commander in afghanistan and the guy who runs afghanistan as well despite what the president said about al-qaida, they have bad news. >> al-qaida has come back and a resilient organization. they are not here in large numbers . they don't have to be anymore in large numbers. >> the reason for nato invasion was terrorism . terrorism has not gone away. it has increased. >> steve: that is not helpful for the president and his men. look what he's doing with foreign policy. >> gretchen: yesterday. paul ryan from wisconsin was asked about president obama's foreign policy and this is what he had to say. >> they are sponse was slow and confused and inconsistent and part of a bigger picture of the fact that the obama foreign policy is unraveling before our eyes . >> steve: what is happening right now in the middle east is the ugly fruits of the bum pumforeign policy. 20,000 killed and iran on the brink of having a atom bomb and russia thumb their nose . >> eric: the interview last night with karzai. terrorist attacks h
even lose our country. >> ross perot, interviewed by "usa today"'s richard wol on the economy, the deficit and debt and how it's changed since he ran for president in 1992 and '96. find richard wolffe's article in today's edition of "usa today" and at usa today.com. raz perot tonight -- ross perot tonight on c-span at 9 eastern. >>> next, a look at the presidential campaign with libertarian party candidate gary johnson. the former republican governor of new mexico talks about his view of the two-party system and obstacles for third-party candidates. from "washington journal," this is 40 minutes. >> host: joining us now is gary johnson, the former governor of new mexico, a republican 1995-2003 who is now the libertarian presidential nominee, and gary johnson, first question. when you look at the major party candidates and this year's cycle, what's missing in the debate and the dialogue? and what do you wring to the table -- what do you bring to the table? >> guest: well, how about truth for starters. the notion that both obama and romney are arguing over who's going to spend mo
and concisely explain how he can fix the economy. >> i expect to be able to describe that in a way people will understand, and if they do, i get elected. >> reporter: his running mate paul ryan is already preparing for his own debate a week away. >> i believe in what i believe, i do what i do, and i really believe in the policies we're providing, that we're pursuing. and at the end of the day, i'm just going to go in there and be me. >> reporter: and if you can't control what actually happens in the debate, you certainly control what happens afterwards. the spin already in the planning. ryan's going to be with romney in virginia. the president is staying in colorado for a rally there. veronica? >> thank you. >>> nato forces in afghanistan say three international service members and their translator were killed in a suicide bombing in the eastern part of the country this morning. this as the war in afghanistan reached a grim milestone sunday with a death of the 2,000th u.s. service member. nbc's chief foreign correspondent richard engel has the details. >> reporter: there has been another
. >> reporter: the debate will center on domestic issues including the economy but right now romney is focused on foreign policy and has been slamming the president over his handling of the events in the middle east. in an op-ed in the "wall street journal" romney said the president showed weakness in the middle east. he said president obama heightened the prospect of conflict and instability. he doesn't understand an american policy that lacks resolve can provoke aggression and encourage disorder. white house aides says the president is looking forward to debate foreign policy with mitt romney. >> he took the iraq war, he did. he will focus on bin laden and bring him to justice. >> reporter: romney is said to be planning a major foreign policy speech to be delivered in the next few weeks. foreign policy is the focus of the final presidential debate on october 22nd in florida. >> susan mcginnis in washington this morning. come november colorado voters are expected to pass an amendment addressing the flood of political advertising. it began two years ago with the supreme court ruling with restr
of a global i economy. it risks triggering a nuclear arms race in the region and an unraveling of the treaty. that is quite a coalition of countries is holding the iranian government accountable. that is why the united states will do what we must to prevent iran from obtaining a nuclear weapon. we know from painful experience that the path to security and prosperity does not lie outside the boundaries of international law and respect for human rights. that is why this institution was established from the level of conflict. that is why liberty trapped over tyranny in the cold war. that is the lesson of the last two decades as well. history shows that peace and progress come to those who make the right choices. nations in every part of the world have travelled this difficult path. europe, the bloodiest battle of the 20th century is united, free, and at peace. from south africa, from turkey to south korea, from india to indonesia, people of different races and traditions have lifted millions out of poverty while respecting the rights of their citizens and meeting their responsibilities of natio
nation is more than $16 trillion in the red. that is a massive bubble that threatens our entire economy. how do the candidates handle this tomorrow night? let's ask chris stirewalt our fox news digital politics editor and host of power play on foxnews.com live, and stewart varney is the host of varney & company on the fox business network. thank you so much for being here. chris i want to start with you. what can either candidate say to grab, you know, america by the lapel and make them understand what each one of them wants to do to change our financial dire straits? >> it's a heck after lot easier for mitt romney on this one since he is the outsider and hasn't been in office and wasn't part of make thag debt and president obama has over seen in fact the unprecedented increase in size of the federal debt, and as a matter of fact in talking to senior people from romney land that is exactly what mitt romney means to do when he gets on that debate stage in denver, is go off the president not just on what romney says are ineffectual policies like the president's healthcare law and stimulus
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for india-pakistan relations. it was not such a lousy year for elements of the pakistani economy. we focus on the most dynamic elements. they are not necessarily those that we use as partners after 2008. the most dynamic partners are business people, the media, and it is uneven, but some of the people in the universities. the women's groups, the ngo's. i am not trying to talk about this rosy, friendly, civil society, in a sense that those of us looked to civil society. it is infinitely more complex and more typical than the eurocentric notions would have it. but this is a part of pakistan, where if you talk to the pakistan is, who are furious with the united states -- if you talk to the pakistanis, we want the opportunity, and we want that kind of social link. it would help to build ties with the united states, and put a lot more of our concentration into society where the face of society is the face of your neighbor, the engineer who works in a ditch, the face of a student, the face of your child who has come to america, etc.. our focus on what pakistan is. i am not sure that is going to
. these are difficult decisions. we are going to have to face them. >> fixing the economy tonight at 8:00. >> the former ambassador to pakistan says the u.s. needs a new approach in its relationship with the country. munter talked about how to improve relations with pakistan by working with countries like china and engaging non- governmental institutions within the country. this is 1.5 hours. be >> ladies and gentlemen, good morning and welcome to the stock. -- welcome to this talk. we have the privilege to welcome this morning the ambassador. you have that a long and distinguished career. he did serve in a number of positions in the national security council and the state department. your specialty ended in 2006 when he led the first reconstruction team in iraq. he then became ambassador before returning to the u.s. embassy in baghdad. in 2010, you were sworn in as u.s. ambassador to pakistan. i understand that after you retire, you'll be going to the columbia school of law and follow that with some other academic -- welcome back to the world of academia. you were the u.s. representative in pakistan du
one of the fastest growing economies since south america. also one of the hottest economies in the world. for the last year and a half the country has been run by sebastian panera. he made his fortune bringing credit cards to chile in the late 1970 wrz, richard quest joining us from london. tell us about this. pretty impressive resume for panera. >> not only impressive, but, of course, made international status, hero status, when he led his country's search and rescue off the famous chilean miners last we're. tv the sight of the president constantly always being there with the families that actually moved so much of the world now it's starting to criticize the united states. specifically, quantitative easing. that's the printing of money by the federal reserve. in an exclusive interview you with me the president said that simply printing money in america will not do the trick of rescuing the u.s. economy. >> yes. can you bring money and maybe you can solve the short-term problems. you will never solve the american problem just by printing money. you need to do much more than
many terms of iran too, but here's another man who could be talking about the economy and people who really need help. after all, don't forget that after the revolution, tahrir square where people in egypt really rose up and wanted to change during the arab spring, what happened? at this point they have an economy that's in very bad shape. they need help. there was a very big delegation from the united states of gigantic companies that went trying to drum up investment in egypt, and so their problem too is giving jobs to the people in egypt and making these revolutions pay off. >> we played a little of what ahmadinejad said to the united nations earlier today. this is a common theme that he uses over and over, and he essentially talks about blaming everybody else for iran's problems. >> i do not believe that muslims, christian, jews, hindus, buddhists, and others have any problems among themselves. or are hostile against each other or live together in an atmosphere of peace. they are all devoted to the kaz of justice, purity, and law. the biz malsituation of the world and the situati
now. interviews he has given recently. >> i have been in the public eye economy and the need to get those problems straightened out. commanded the public attention issues? to judge that. what i can say is we need to describe what has happened and what is happening and what we need to do to get this under control, and right now, everybody is dancing around it and ducking as opposed to facing it, and if you have got cancer, the first thing you want to do is face it, right? we have got economic cancer at this point. we have got to fix it. >> that was the case in 1992 when you ran your first presidential campaign, and it was still the case when you ran your second in 1996. there was progress after that. a lot of people say that because of the campaigns you ran, we had surpluses and fought our way out of this, and now, it is worse than it was 20 years ago. >> exactly. >> how did we lose our way, compared to the late 1990's, when we fought our way out of this debt, to where we have gone from $4 trillion in debt when you were running to at $16 trillion? >> i am glad you mentioned that numb
, and the stability of the global economy. it risks triggering a nuclear- arms race in the region, and the unraveling of the non- proliferation treaty. that's why a coalition of countries is holding the iranian government accountable. and that's why the united states will do what we must to prevent iran from obtaining a nuclear weapon. we know from painful experience that the path to security and prosperity does not lie outside the boundaries of international law and respect for human rights. that's why this institution was established from the rubble of conflict. that is why liberty triumphed over tyranny in the cold war. and that is the lesson of the last two decades as well. history shows that peace and progress come to those who make the right choices. nations in every part of the world have traveled this difficult path. europe, the bloodiest battlefield of the 20th century, is united, free and at peace. from brazil to south africa, from turkey to south korea, from india to indonesia, people of different races, religions, and traditions have lifted millions out of poverty, while respecting the ri
months. the nasdaq is up nearly 18% for the year now. more signs of weakness in the global economy. new data overnight from china show its factory sector slowed last month, and a report from hsbc says new export orders declined last month with the sharpest rate in 3 1/2 years. soledad, china has fashioned itself into the factory for the world. when china's manufacturing slows, everyone worries. >> all right, christine, thank you for the upset. >>> it's what everybody's talking about this morning, arnold schwarzenegger says that his life were a movie, nobody would believe it. from body builder to movie star to governor of california, his new book is called "total recall." it's out today and it details his entire life, including the now infamous affair with his house keeper that led to the breakup of his marriage with maria shriver. schwarzenegger talked about that affair in an interview with "60 minutes." >> i think it was the stupidest thing i've done in the whole relationship. it was terrible. i inflicted tremendous pain on maria and unbelievable pain on the kids. >> margita thompson w
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